L&N Employees Credit Union was founded in 1952. Headquartered in Birmingham, Alabama, L&N Employees Credit Union is a state chartered and federally insured credit union, being chartered in Alabama and insured through the National Credit Union Share Insurance Fund (NCUSIF). L&N Employees Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, L&N Employees Credit Union services 1,423 members through its 3 full-time and 1 part-time employees. It has $9,055,215 of total assets and $1,942,166 of net worth. Based on its asset size and net worth ratio, L&N Employees Credit Union is classified as a Well Capitalized small credit union.

L&N Employees Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. L&N Employees Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of L&N Employees Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Alabama and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate

Median of Alabama

Median of USA

Checking

0.0000

0.0000

0.0000

Savings

0.0500

0.2500

0.1200

Money Market

0.2700

0.3000

0.2500

Certificate Deplit

0.6600

0.6000

0.5800

IRA

0.5000

0.6000

0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate

Median Rates of Alabama

National Median Rates

Credit Cards

11.9000

9.9900

9.9900

Unsecured Line of Credits

14.9000

12.3550

10.9500

Short-term Small Amount

n/a

26.0000

25.0000

Student Loans

n/a

6.0000

6.0200

New Car Loans

5.0200

4.0000

3.3300

Used Car Loans

6.1500

5.3300

4.5000

1st Mortgage Real Estates

5.0800

4.5000

4.2500

Other Real Estates

7.8400

5.0000

4.7000

L&N Employees Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, and ATMs. The table below lists the electronic banking services prlided by L&N Employees Credit Union.

As a community financial institution, L&N Employees Credit Union actively involves in local communities by prliding services such as financial counseling, financial education. Community and other Service Offerings